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Council on International Economic Policy and Economic Policy Board (1)
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Council on International Economic Policy and Economic Policy Board (1)
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The original documents are located in Box 8, folder "Council on International Economic
Policy and Economic Policy Board (1)" of the Philip Buchen Files at the Gerald R. Ford
Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 8 of the Philip Buchen Files at the Gerald R. Ford Presidential Library
Monday 1/20/75
5:25 Jay said he has finished a basic analysis of CIEP and the
Economic Policy Board. Has not yet written it, but expects
to get something to you tomorrow morning.
SERALD R. ford
CIEP
Tuesday 1/21/75
Meeting
1/21/75
2:30 p.m.
2:05 Mr. Buchen will meet with Jay French, Mike Dunn,
and Skip Hartquist on a CIEP matter at 2:30 p.m.
today.
GERALO R. FORD LIBRARA
THE WHITE HOUSE
WASHINGTON
the
Mike Dunn - 77 -
(Skip Hords vist)
2845
For now file:
"CIEP of EPB"
FORDO :- LIBRARY 038810
THE WHITE HOUSE
WASHINGTON
January 21, 1975
MEMORANDUM FOR:
PHILIP W. BUCHEN
FROM:
JAY T. FRENCH
SUBJECT:
MERGER OF CIEP AND THE
ECONOMIC POLICY BOARD
A. Background of CIEP and the Economic Policy Board
1. Council on International Economic Policy
(a) Authority -- Public Law 92-412, August 29, 1972 (Tab A).
(b) Functions -- To provide for the coordination of inter-
national economic policy among departments and agencies
and insure consistency between domestic and foreign
economic policy. These functions are amplified, in
the statute, by a list of specific duties which include
assisting in the preparation of an International Economic
Report which is required by this law.
(c) Composition -- Secretaries of State, Treasury (Chairman),
Defense, Agriculture, Commerce, Labor,
and Transportation
-- Director, Office of Management and Budget
-- Chairman, Council of Economic Advisers
-- Special Trade Representative
-- Additional members as the President shall
designate: Executive Director of CIEP and
Assistant to the President for Economic
Policy have been so appointed.
(d) Expiration -- The Council is abolished on June 30, 1977,
unless extended by law.
2. President's Economic Policy Board
(a) Authority -- Executive Order 11808, September 30, 1974 (Tab B).
(b) Functions -- To advise the President with regard to national
and international economic policy and oversee the formulation,
GERALD FORD LIBRARY
- 2 -
coordination and implementation of all U.S. economic
policy. The Board has an Executive Committee which
shall meet daily to consider matters pertinent to the
Board's functions.
(c) Composition -- Secretaries of State, Treasury* (Chairman),
Agriculture, Commerce, Labor, Trans-
portation, Interior, Health, Education and
Welfare, Housing and Urban Development
-- Director, Office of Management and Budget*
-- Chairman, Council of Economic Advisers*
-- Executive Director, CIEP*
-- Assistant to the President for Economic Affairs*
-- Chairman of the Federal Reserve, is invited
to attend Board and Executive Committee meetings.
The Executive Committee members have an
asterisk (*) after their titles.
B. Considerations for a Merger of CIEP and the Economic Policy Board
1. Organization
(a) Membership
(1) Present members common to CIEP and the Board
Secretary of Treasury
Secretary of State
Secretary of Commerce
Secretary of Agriculture
Secretary of Labor
Secretary of Transportation
Director, Office of Management and Budget
Chairman, Council of Economic Advisers
Assistant to the President for Economic Affairs
Executive Director of CIEP
(2) Present members of CIEP only:
Secretary of Defense
Special Representative for Trade Negotiations
(3) Present members of the Board only:
FORD is GERALD LIBRARY
Secretary of Health, Education and Welfare
Secretary of Housing and Urban Development
Secretary of Interior
Chairman, Federal Reserve (invited to attend)
- 3 -
(4) In addition to certain statutory members, the President
should have authority to designate additional members.
(This authority was given in the CIEP law.)
(b) Titled Positions
CIEP has a Chairman, Deputy Chairman and an Executive
Director of an appointed staff. The Board has a Chairman
and an Executive Director. The Secretary of Treasury is
presently the only official holding the same position (Chairman)
at CIEP and the Board. The following combined structure
is suggested for the new board:
Position
Official
Designation
Chairman
Secretary of the Treasury
By the President
Deputy Chairman
Assistant to the President
By the President
Executive Director
For Economic Affairs
By the President
Executive Director
of CIEP
(c) Executive Committee
The Economic Policy Board has an Executive Committee of
five (5) members who may consider matters relating to
responsibilities of the Board and shall meet daily. (CIEP
has no such committee.) All of the present members are
common members of both CIEP and the Board. They are
listed below:
Secretary of Treasury
Assistant to the President for Economic Affairs
Director, Office of Management and Budget
Chairman, Council of Economic Advisers
Executive Director, CIEP
FORD is LIBRARY 939839
(Chairman, Federal Reserve, is invited to attend)
It is suggested that the titled positions of Chairman, Deputy
Chairman and Executive Director be applied to the Executive
Committee and that the same officials fill these posts by
presidential appointment as designated in subparagraph (b)
above.
(d) Professional Staff
Presently, CIEP has a professional staff to assist the
Council in performing its duties. One of these duties
is preparation of an annual international economic report.
It is desirable to establish a staff for the new board and to
do so in the same manner as set forth in 22 U.S. C.A. $ 2847.
(See Tab A).
- 4 -
2. Functions and Duties
A new Economic Policy Board would have the broad purpose
of advising the President on economic policy and formulating,
coordinating and overseeing the implementation of all U.S.
economic policy. In addition to this purpose, there are a
number of functions and specific duties which the Congress
originally gave to CIEP which might be added to the new
board's mandate. These are set forth below:
(a) Functions
(1) To have the opportunity to investigate problems with
respect to coordination implementation, and long
range development of international economic policy.
(2) To make findings and recommendations with regard
to the development of policy.
(b) Duties
(1) Assist the President in the preparation of the
Internati onal Economic Report (which the President
is required to submit annually to the Congress by the
CIEP law).
(2) Review economic activities and policies of the
Government, several States and private industry.
(3) Collect, analyze and evaluate economic information
including the impact international trade on domestic
labor and the impact of transnational corporations on
trade flows.
(4) Coordim te economic activities of all departments and
agencies.
(5) Make recommendations to the President for economic
programs including those relating to monetary
mechanisms, foreign investment, trade, balance of
payments and international treaties.
C. Merger of Additional Existing Policy Boards
GERALD B. FORD LIBRARY
1. National Advisory Council on International Monetary and
Financial Policies (See Tab C)
(a) The primary purpose of the Council is coordination of policy
among U. S. representatives to the International Monetary
Fund, International Bank for Reconstruction and Development,
and the Export-Import Bank, and all other government agencies
to the extent they make foreign loans or engage in foreign
financial and monetary transactions. This purpose could
easily be included in the new board's charter.
- 5 -
A secondary function provides that the Secretary of
Treasury shall instruct U.S. representatives to inter-
national financial organizations and that he shall decide
whether to approve or not, certain actions of the IMF and
the banks, in behalf of the U.S. when such approval is
required. This secondary function would have to be
specifically written into the legislation for a new board.
(b) The composition of the Council is not significantly different
from that of the Economic Policy Board except that the
President of the Export-Import Bank would have to be
added to a new board.
2. President's Committee on East-West Trade Policy (See Tab D)
(a) The primary purpose of the Committee is to advise the
President with regard to such policy. Major trade initiatives
are handled by chairman who are designated for that purpose.
This purpose could be added to the functions of a new board.
(b) Composition does not appear to be a problem if merger occurs.
3. Council on Economic Policy (See Tab E)
(a) The primary purpose of the Council is coordination in the
formation and execution of economic policy. It appears to
be a duplication of the existing Economic Policy Board and
could be terminated with any difficulty.
FORD is LIBRARY GERALD
FORD is LIBRARY OFRATO
22 § 2841
FOREIGN RELATIONS
TabA
FOREIGN H
§ 2813. Creation of Council on It
There is created in the Executive
CHAPTER 42.-INTERNATIONAL ECONOMIC POLICY [NEW]
International Economic Policy (here)
the "Council").
Sec.
Sec.
2841. Congressional statement of pur-
2847. Staff of Council.
Pub.L. 92-412, Title II, I 204, Aug.
poses.
(a) Executive Director; appoint-
Legislative History. For legislative
2842. Congressional findings and policy;
ment and compensation;
Council on International Eco-
history and purpose of Pub.L. 92-112,
information to Congres-
nomic Policy: establishment,
sional committees.
functions.
(b) Staff personnel; appoint-
2843. Creation of Council on Internation-
ment and compensation:
al Economic Policy.
executive level IV and V
§ 2844. Membership of Council;
2814. Membership of Council; Chairman:
positions.
presiding officer.
(c) Temporary and intermittent
The Council shall be composed of
2845. Duties of Council.
services.
2548. International Economic Report.
(d) Detail of Federal agen-
ditional members as the President ma;
(a) Submittal to Congress; scope
agency personnel to Coun-
of report.
cil; reimbursable basis.
(1) The Secretary of State.
(b) Supplementary reports to 2847a. Same; Executive Director; ap-
(2) The Secretary of the Treas
Congress.
pointment.
2848. Expiration date.
(3) The Secretary of Defense.
2849. Authorization of appropriations.
(4) The Secretary of Agricultu
(5) The Secretary of Commerc
§ 2841. Congressional statement of purposes
(6) The Secretary of Labor.
It is the purpose of this chapter to próvide for closer Federal inter-
(7) The Secretary of Transpor
agency coordination in the development of a more rational and orderly
(8) The Director of the Office
international economic policy for the United States.
(9) The Chairman of the Cour
Pub.L. 92-412, Title II, § 202, Aug. 29, 1972, 86 Stat. 646.
(10) The Special Representati
Short Title. Section 201 of Pub.L. 92- Legislative History. For legislative
412 provided that: "This title [enacting
history and purpose of Pub.L. 92-412,
The President shall designate the Ch
this chapter] may be cited as the 'Inter-
see 1972 U.S.Code Cong. and Adm.News,
the members of the Council.
national Economic Policy Act of 1972'."
p. 3085.
Pub.L. 92-412, Title II, § 205, Aug. :
§ 2842. Congressional findings and policy; Council on International
L. 93-121, $ 1, Oct. 4, 1973, 87 Stat. 4;
Economic Policy: establishment, functions
1973 Amendment. Pub.L. 93-121 struck
out cl. "(1) The President.", redesignated
The Congress finds that there are many activities undertaken by various
former cls. (2)-(7) as (1)-(6), added cl.
departments, agencies, and instrumentalities of the Federal Government
"(7) The Secretary of Transportation.",
and substituted sentence reading "The
which, in the aggregate, constitute the domestic and international eco-
President shall designate the Chairman
nomic policy of the United States. The Congress further finds that the
of the Council from among the members
of the Council." for "The President shall
objectives of the United States with respect to a sound and purposeful
be the Chairman of the Council and shall
international economic policy can be better accomplished through the
preside over the meetings of the Council;
closer coordination of (1) domestic and foreign economic activity, and
(2) in particular, that economic behavior which, taken together, consti-
§ 2845. Duties of Council
tutes United States international economic policy. Therefore this Act es-
tablishes a Council on International Economic Policy which will provide
Subject to the direction of the Pres
for-
such other functions as he may direct,
(A) a clear top level focus for the full range of international
(1) Assist and advise the P:
economic issues; deal with international economic policies includ-
International Economic Report I
ing trade, investment, balance of payments, and finance as a co-
title.
herent whole;
(2) Review the activities and
(B) consistency between domestic and foreign economic policy;
Government which indirectly
and
economics and, for the purpose
(C) close coordination with basic foreign policy objectives.
President in connection therew:
The Congress intends that the Council shall be provided with the op-
specificity the substance and SC
portunity to (1) investigate problems with respect to the coordination,
policy of the United States, whic!
implementation, and long-range development of international economic
nation of the economic activities
policy, and (ii) make appropriate findings and recommendations for the
ments, and instrumentalities of
purpose of assisting in the development of a rational and orderly interna-
several States, and (C) private is
tional economic policy for the United States.
(3) Collect, analyze, and evalt
Pub.L. 92-412, Title II, $ 203, Aug. 29, 1972, 86 Stat. 646.
rent and prospective, concerning
References in Text. "This Act", re-
set out as notes under sections 2401, 2403,
Such evaluations shall include b.
ferred to in the text. means Pub.L. 92-
and 2406 of such Appendix.
412. enacted Aug. 29, 1972, which is classi-
Legislative History. For legislative
international trade on the level,
fied to this chapter and amended sections
history and purpose of Pub.L. 92-412,
2401(3), 2402(6). 2403(h), (e), 2404, and
see 1972 U.S.Code Cong. and Adm.News,
domestic labor and the impact C
2413 of Appendix to Title 50, War and
p. 3085.
international trade flows.
National Defense, and enacted provisions
(4) Consider policies and pro
investance
ties of all the departments and
one another for the purpose of
funding rec
212
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21
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FOREIGN RELATIONS
22 § 2845
§ 2843. Creation of Council on International Economic Policy
There is created in the Executive Office of the President a Council on
International Economic Policy (hereinafter referred to in this chapter as
the "Council").
Pub.L. 92-412, Title II, § 204, Aug. 29, 1972, 86 Stat. 647.
Legislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,
history and purpose of Pub.L. 92-412, p. 3055.
§ 2814. Membership of Council; Chairman; presiding officer
The Council shall be composed of the following members and such ad-
ditional members as the President may designate:
(1) The Secretary of State.
(2) The Secretary of the Treasury.
(3) The Secretary of Defense.
(4) The Secretary of Agriculture.
(5) The Secretary of Commerce.
(6) The Secretary of Labor.
(7) The Secretary of Transportation.
(8) The Director of the Office of Management and Budget.
(9) The Chairman of the Council of Economic Advisers.
(10) The Special Representative for Trade Negotiations.
The President shall designate the Chairman of the Council from among
the members of the Council.
Pub.L. 92-412, Title II, § 205, Aug. 29, 1972, 86 Stat. 647, amended Pub.
L. 93-121, $ 1, Oct. 4, 1973, 87 Stat. 447.
1973 Amendment. Pub.L. 93-121 struck
in his absence he may designate a mem-
out cl. "(1) The President.", redesignated
ber of the Council to preside in his
former cls. (2)-(7) as (1)-(6), added cl.
place."
"(7) The Secretary of Transportation.",
Legislative History. For legislative
and substituted sentence reading "The
history and purpose of Pub.L. 92-112,
President shall designate the Chairman
see 1972 U.S.Code Cong. and Adm.News,
of the Council from among the members
p. 3085. See, also, Pub.L. 93-121, 1973 U.S.
of the Council." for "The President shall
Code Cong. and News, p.
be the Chairman of the Council and shall
preside over the meetings of the Council;
§ 2845. Duties of Council
Subject to the direction of the President, and in addition to performing
such other functions as he may direct, the Council shall—
(1) Assist and advise the President in the preparation of the
International Economic Report required under section 2846 of this
title.
(2) Review the activities and the policies of the United States
Government which indirectly or directly relate to international
economics and, for the purpose of making recommendations to the
President in connection therewith, consider with some degree of
specificity the substance and scope of the international economic
policy of the United States, which consideration shall include exami-
nation of the economic activities of (A) the various agencies, depart-
ments, and Instrumentalities of the Federal Government, (B) the
several States, and (C) private industry.
(3) Collect, analyze, and evaluate authoritative information, cur-
rent and prospective, concerning international economic matters.
Such evaluations shall include but not be limited to the impact of
international trade on the level, stability, and financial rewards for
domestic labor and the impact of the transnational corporation on
international trade flows.
(4) Consider policies and programs for coordinating the activi-
ties of all the departments and agencies of the United States with
one another for the purpose of accomplishing a more consistent in-
213
:
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22 §2845
FOREIGN RELATIONS
FOREI
ternational economic policy, and make recommendations to the Presi-
Japan, and whenever appli
dent in connection therewith.
publics-
(5) Continually assess the progress and effectiveness of Fed-
(A) research and de
eral efforts to carry out a consistent international economic policy.
and technological tren
(6) Make recommendations to the President for domestic and
sectors;
foreign programs which will promote a more consistent interna-
(B) investment patt
tional economic policy on the part of the United States and private
(C) industrial manp
industry. Recommendations under this paragraph shall include, but
shall not be limited to, policy proposals relating to monetary
(D) tax incentives E
mechanisms, foreign investment, trade, the balance of payments, for-
ance;
eign aid, taxes, international tourism and aviation, and international
(E) export promotio
treaties and agreements relating to all such matters. In addition to
(F) share of the ex:
other appropriate objectives, such policy proposals should be de-
agricultural sectors;
veloped with a view toward-
(G) environmental P
(A) strengthening the United States competitive position
(H) antitrust practic
in world trade;
(I) long-range gover
(B) achieving equilibrium in international payment accounts
targets, and objectives;
of the United States;
(5) a review of the relat
(C) increasing exports of goods and services;
ernment and American priva
(D) protecting and improving the earnings of foreign invest-
of subject matter listed in S
ments consonant with the concepts of tax equity and the need
graph (4) and any other ap
for domestic investment;
with recommendations for an
(E) achieving freedom of movement of people, goods, capital,
to insure that American bus_
information, and technology on a reciprocal and world-wide
merce; and
basis;
(6) a program for carryin
(F) increasing the real employment and income of workers
ter, together with such reco
and consumers on the basis of international economic activity;
deem necessary or desirable.
and
(G) preserving the diversified industrial base of the United
Supplementary
States.
(b) The President may transm
Pub.L. 92-412, Title II, § 206, Aug. 29, 1972, 86 Stat. 647.
reports supplementary to the In
which may include such suppleme
Legislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,
history and purpose of Pub.L. 92-412, p. 3085.
may deem necessary or desirable ti
tives set forth in this chapter.
Pub.L. 92-412, Title II, § 207,
§ 2846. International Economic Report-Submittal to Congress;
Pub.L. 93-121, $ 4, Oct. 4, 1973, 8
scope of report
1973 Amendment. Subsec. (a)(i)-(6
(a) The President shall transmit to the Congress an annual report on
Pub.L. 93-121 added pars. (1) and 6
and redesignated former par. (4) as (€
the international economic-position of the United States. Such report
Legislative History. For legislativ
(hereinafter referred to as the "International Economic Report") shall
history and purpose of Pub.L. 92-11
be submitted not later than sixty days after the beginning of each regular
session of the Congress, and shall include-
§ 2817. Staff of Council-Exe
(1) information and statistics describing characteristics of inter-
pensation; information to Congres:
national economic activity and identifying significant current and
(a) The staff of the Council sh.
foreseeable trends and developments;
who shall be appointed by the Pre:
(2) a review of the international economic program of the Fed-
the rate now or hereafter provided
eral Government and a review of domestic and foreign economic con-
(section 5313 of Title 5). He S
ditions and other significant matters affecting the balance of inter-
Housing and Urban Affairs of the
national payments of the United States and of their effect on the in-
Currency of the House of Represen
ternational trade, investment, financial, and monetary position of the
lations of the Senate, the Committ
United States;
Representatives, the Committee on
on Ways and Means of the House
(3) a review of the impact of international voluntary standards,
nomic Committee fully and current
the foreign investments of United States based transnational firms,
the Council.
and the level of foreign wage rates on the level, stability, and
financial reward for domestic employment; and
(4) a comparative description and analysis of the following sub-
Staff personnel; appointment and
ject matter, with respect to the United States, the European Com-
V. pc
(b) (1) With the approval of
munity and principal countries within the European Community,
may appoint and fix the compensati
214
FORD
2
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FOREIGN RELATIONS
22 $2847
Japan, and whenever applicable, the Union of Soviet Socialist Re-
publics—
(A) research and development expenditures, and productivity
and technological trends in major industrial and agrieultural
sectors;
(B) investment patterns in new plant and equipment;
(C) industrial manpower and training practices;
(D) tax incentives and other governmental financial assist-
ance;
(E) export promotion practices;
(F) share of the export market, by area and industrial and
agricultural sectors;
(G) environmental practices;
(H) antitrust practices; and
(I) long-range governmental economic planning programs,
targets, and objectives;
(5) a review of the relationship between the United States Gov-
ernment and American private business with respect to the categories
of subject matter listed in subparagraphs (A) through (I) of para-
graph (4) and any other appropriate areas of information, together
with recommendations for appropriate policies and programs in order
to insure that American business is competitive in international com-
merce; and
(6) a program for carrying out the policy objectives of this chap-
ter, together with such recommendations for legislation as he may
deem necessary or desirable.
Supplementary reports to Congress
(b) The President may transmit from time to time to the Congress
reports supplementary to the International Economic Report, each of
which may include such supplementary or revised recommendations as he
may deem necessary or desirable to achieve the purposes and policy objec-
tives set forth in this chapter.
Pub.L. 92-412, Title II, § 207, Aug. 29, 1972, 86 Stat. 648, amended
Pub.L. 93-121, § 4, Oct. 4, 1973, 87 Stat. 448.
1973 Amendment. Subsec. (a)(4)-(6). see 1972 U.S.Code Cong. and News,
Pub.L. 93-121 added pars. (4) and (5) p. 3085. See, also, Pub.L. 93-121, 1973 U.S.
and redesignated former par. (4) as (6). Code Cong. and Adm.News, p. -
Legislative History. For legislative
history and purpose of Pub.L. 92-412,
§ 2847. Staff of Council-Executive Director; appointment and com-
pensation; information to Congressional committees
(a) The staff of the Council shall be headed by an Executive Director
who shall be appointed by the President, and he shall be compensated at
the rate now or hereafter provided for level II of the Executive Schedule
(section 5313 of Title 5). He shall keep the Committe on Banking,
Housing and Urban Affairs of the Senate, the Committee on Banking and
Currency of the House of Representatives, the Committee on Foreign Re-
lations of the Senate, the Committee on Foreign Affairs of the House of
Representatives, the Committee on Finance of the Senate, the Committee
on Ways and Means of the House of Representatives, and the Joint Eco-
nomic Committee fully and currently informed regarding the activities of
the Council.
Staff personnel; appointment and compensation; executive level IV and
v positions
(b) (1) With the approval of the Council, the Executive Director
may appoint and fix the compensation of such staff personnel as he deems
215
is
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2011
FOREIGN RELATIONS
FOREI
Lecessary. Except as provided in paragraph (2), the staff of the Council
shall be appointed subject to the provisions of Title 5 governing appoint-
ments in the competitive service, and shall be paid in accordance with the
CHAPTER 43.-INTERNA
provisions of chapter 51 and subchapter III of chapter 53 of such Title
Sec.
relating to classification and General Schedule pay rates.
2871. Congressional findings and d
(2) With the approval of the Council, the Executive Director may
ration of purpose.
appoint and fix the compensation of one officer at a rate of basic com-
2872. Board ing. for International Broad
pensation not to exceed the rate provided for level IV of the Federal
(a) Establishment.
(b) (1) Composition.
Executive Salary Schedule, and appoint and fix the compensation of
(2) Selection.
two officers at rates of basic compensation not to exceed the rate pro-
(3) Term of office of p
vided for level V of the Federal Executive Salary Schedule.
bers. dentially appointed D
(4) Term of office of ex
ficio members.
Temporary and Intermittent services
(5) Compensation.
(c) With the approval of the Council, the Executive Director may
2873. Same; functions of Board.
procure temporary and intermittent services to the same extent as is
authorized by section 3109 of Title 5, at rates not to exceed the daily
equivalent of the rate provided for GS-18.
Detail of Federal agency personnel to Council; reimbursable basis
§ 2871. Congressional finding
(d) Upon request of the Executive Director, the head of any Federal
The Congress hereby finds an
agency is authorized to detail, on a reimbursable basis, any of its per-
(1) that It is the policy
sonnel to the Council to assist it in carrying out its duties under this
right of freedom of opinion
chapter.
"to seek, receive, and impa
Pub.L. 92-412, Title II, $ 208, Aug. 29, 1972, 86 Stat. 649.
media and regardless of from
Legislative History. For legislative see 1972 U.S.Code Cong. and Adm.News,
the Universal Declaration of 1
history and purpose of Pub.L. 92-112, p. 30S5.
(2) that open communica
§ 2847a. Same; Executive Director; appointment
the peoples of the world c
Notwithstanding the provisions of section 2847 (a) of this title, any
stability, and that the prom
future Executive Director of the Council on International Economic Pol-
interests of the United States;
icy appointed after October 4, 1973, shall be appointed by the President.
(3) that Free Europe, Inc
by and with the advice and consent of the Senate.
mittee, Incorporated (hereina
Pub.L. 93-121, I 5, Oct. 4, 1973, 87 Stat. 448.
and Radio Liberty), have de
thering the open communicati
Codification. Section was not enacted Legislative History. For legislative his-
as a part of the International Economic tory and purpose of Pub.L. 93-121, see
Europe and the Union of Sc
Policy Act of 1972, which is classified to 1973 U.S.Code Cong. and Adm.News, D.
(4) that the continuation
this chapter.
erty as independent broadcas
8 2848. Expiration date
inconsistent with the broad f
The provisions of this chapter shall expire on
June
30,
1977
unless
ex-
States and in accordance with
tended by legislation enacted by the Congress.
national interest; and
Pub,L. 92-412, Title II, $ 209, Aug. 29, 1972, 86 Stat. 649, as amended
(5) that in order to provid
Pub.L. 93-121, § 2, Oct. 4, 1973, 87 Stat. 447.
continuation of assistance to
and to encourage a constructi
1973 Amendment. Pub.L. 93-121 ex- see 1972 U.S.Code Cong. and Adm.News,
tended termination date to June 30, 1977,
p. 30S5. See. also, Pub.L. 93-121, 1973 U.S.
ion of Soviet Socialist Republi
from June 30, 1973.
Code Cong. and Adm.News, p.
to establish a Board for Interna
Legislative History. For legislative
history and purpose of Pub.L. 92-412,
Pub.L. 93-129, s 2, Oct. 19, 1973, 8
Short Title. Section 1 of Pub.L. 93-129
§ 2849. Authorization of appropriations
provided: "That this Act [enacting this
chapter] may be cited as the 'Board for
For the purpose of carrying out the provisions of this chapter, there are
International Broadcasting Act of 1973'."
authorized to be appropriated not to exceed $1,400,000 for fiscal year
1974.
8 2872. Board for International
Pub.L. 92-412, Title II, $ 210, Aug. 29, 1972, 86 Stat. 649, as amended
(a) There is established a Board
Pub.L. 93-121, $ 3, Oct. 4, 1973, 87 Stat. 448.
inafter referred to as the "Board")
1973 Amendment. Pub.L. 93-121 substi- Legislative History. For legislative
tuted fiscal year "1974" for "1973".
history and purpose of Pub.L. 92-412,
Compe
see 1972 U.S.Code Cong. and Adm.News.
(b) (1) The Board shall consist 0
D. 3085. See, also, Pub.L. 93-121, 1973 U.S.
be ex officio members. The Presic
Code Cong. and Adm.News, D. -,
advice and consent of the Senate,
he shall designate as chairman. No
of the Board appointed by the Pres.
party. The chief operating executf
chief operating executive of Radio I
of the Board and shall participate in
216
not vote in the determinations of th
FORD
58U.S.C.A.-1415
1973 P.P.
21
GERALD
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1 1
TAB B
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STENCILLED
Tat B
To ARCHIVES 10/1/7
EXECUTIVE ORDER
11808
-
-
ESTABLISHING THE PRESIDENT'S ECONOMIC POLICY
BOARD, AND FOR OTHER PURPOSES
By virtue of the authority vested in me by the
Constitution and laws of the United States, it is hereby
ordered as follows:
Section 1. There is hereby established the President's
Economic Policy Board (hereinafter referred to as the Board).
Sec. 2. The Board shall consist of the Secretary of
the Treasury, who shall be its Chairman, the Assistant to
the President for Economic Affairs, the Secretary of State,
the Secretary of the Interior, the Secretary of Agriculture,
the Secretary of Commerce, the Secretary of Labor, the
Secretary of Health, Education, and Welfare, the Secretary
of Housing and Urban Development, the Secretary of Trans-
portation, the Director of the Office of Management and
Budget, the Chairman of the Council of Economic Advisers,
and the Executive Director of the Council on International
Economic Policy. The Chairman of the Board of Governors
of the Federal Reserve System is invited to attend meetings
of the Board.
DERALO FORD LIBRARY
Sec. 3. The Economic Policy Board shall provide
advice to the President concerning all aspects of national
and international economic policy, will oversee the formu-
lation, coordination, and implementation of all economic
policy of the United States, and will serve as the focal
point for economic policy decision-making. The Chairman
of the Board shall act as the principal spokesman for the
Executive Branch on matters of economic policy.
2
Sec. 4. (a) There is hereby established the
Executive Committee of the Board. The Executive Committee
shall consist of the Secretary of the Treasury, who shall
be its Chairman, the Assistant to the President for Economic
Affairs, the Director of the Office of Management and Budget,
the Chairman of the Council of Economic Advisers, and the
Executive Director of the Council on International Economic
Policy. The Chairman of the Board of Governors of the
Federal Reserve System is invited to attend meetings of the
Executive Committee.
(b) The Executive Committee shall meet daily to
consider matters involving responsibilities of the Board.
Sec. 5. The Assistant to the President for Economic
Affairs shall be the Executive Director of the Board and
of the Executive Committee, and, as such, shall be respon-
sible for coordinating the implementation of economic policy
and providing liaison with the Presidential staff and with
other Governmental activities.
Sec. 6. (a) The Secretary of the Treasury shall be a
member of the Council on Wage and Price Stability and be its
Chairman. The Assistant to the President for Economic Affairs
shall be a member of the Council and be its Deputy Chairman.
(b) The Secretary of the Treasury shall be the Chairman
CIEP
of the Council on International Economic Policy. The Assistant
to the President for Economic Affairs shall be a member of
that Council and be its Deputy Chairman.
(c) Section (b) of Executive Order No. 11269, as
amended (prescribing the composition of the National Advisory
Council on International Monetary and Financial Policies),
3
is further amended by inserting after "the Secretary of
the Treasury, who shall be Chairman of the Council," the
following "the Assistant to the President for Economic
Affairs, who shall be Deputy Chairman of the Council,"
(d) (1) Section 1 of Executive Order No. 11789
(prescribing the composition of the President's Committee
on East-West Trade Policy) is amended to read as follows:
" (1) The Assistant to the President for
Economic Affairs."
(2) Section 2 of that Order is amended to read
as follows:
"Sec. 2. The Secretary of the Treasury
shall be the Chairman of the Committee, and
the Assistant to the President for Economic
Affairs shall be its Deputy Chairman."
Sec. 7. All departments and agencies shall cooperate
with the Board, including the Executive Committee thereof,
and shall, to the extent permitted by law, provide it with
such assistance and information as the Chairman or the
Executive Director of the Board may request.
Hereld R. Forl
THE WHITE HOUSE,
GERALD LIBRARY FORD
September 30, 1974.
Tab C
E.O. 11269
Title 3--Chapter II
Executive Order 11269
NATIONAL ADVISORY COUNCIL ON INTERNATIONAL MONETARY AND
FINANCIAL POLICIES
By virtue of the authority vested in me by Reorganization Plan No. 4
of 1965 (30 F.R. 9353), and as President of the United States, it is
ordered as follows:
SECTION 1. Establishment of Council. (a) There is hereby estab-
lished the National Advisory Council on International Monetary and
Financial Policies, hereinafter referred to as the Council.
(b) The Council shall be composed of the following members: the
Secretary of the Treasury, who shall be the chairman of the Council,
the Secretary of State, the Secretary of Commerce, the Chairman of
the Board of Governors of the Federal Reserve System, and the Presi-
dent of the Export-Import Bank of Washington.
(c) Whenever matters within the jurisdiction of the Council may
be of interest to Federal agencies not represented on the Council under
Section 1 (b) of this order, the Chairman of the Council may consult
with such agencies and may invite them to designate representatives
to participate in meetings and deliberations of the Council.
SEC. 2. Functions of the Council. (a) Exclusive of the functions
delegated by the provisions of Section 3, below, and subject to the
limitations contained in subsection (b) of this Section, all of the func-
tions which are now vested in the President in consequence of their
transfer to him effected by the provisions of Section 1(b) of Reorga-
nization Plan No. 4 of 1965 are hereby delegated to the Council.
(b) The functions under Sections 4 (a) and 4(b) (3) of the Bretton
Woods Agreements Act, including those made applicable to the Inter-
national Finance Corporation, the Inter-American Development
DETURN The
Bank, and the International Development Association (22 U.S.C.
286b (a) and (b) (3) 282b; 283b; 284b), to the extent that such
functions consist of coordination of policies, are hereby delegated to
the Council. The functions so delegated shall be deemed to include
the authority to review proposed individual loan, financial, exchange,
or monetary transactions to the extent necessary or desirable to effec-
tuate the coordination of policies.
SEC. 3. Functions of the Secretary of the Treasury. (a) Functions
which are now vested in the President in consequence of their transfer
to him effected by the provisions of Section 1(b) of Reorganization
Plan No. 4 of 1965 are hereby delegated to the Secretary of the Treas-
ury to the extent of the following:
(1) Authority to instruct representatives of the United States to
international financial organizations.
(2) Authority provided for in Section 4 (b) (4) of the Bretton
Woods Agreements Act (22 U.S.C. 286b (b) (4)
(b) In carrying out the functions delegated to him by subsection
(a) of this Section the Secretary shall consult with the Council.
534
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Title 3--Chanter II
E. O. 11270
(c) Nothing in this order shall be deemed to derogate from the
responsibilities of the Secretary of State with respect to the foreign
policy of the United States.
SEC. 4. Information. (a) All agencies and officers of the Govern-
ment, including representatives of the United States to international
financial organizations, (1) shall keep the Council or the Secretary of
the Treasury, as the case may be, fully informed concerning the
foreign loan, financial, exchange, and monetary transactions in which
they engage or may engage or with respect to which they have other
responsibility, and (2) shall provide the Council and the Secretary
with such further information or data in their possession as the Council
or the Secretary, as the case may be, may deem necessary to the appro-
priate discharge of the responsibilities of the Council and Secretary
under Sections 2 and 3 of this order, respectively.
(b) The Council shall from time to time transmit to all appropriate
agencies and officers of the Government statements of the policies of
the Council under this order and such other information relating to the
above-mentioned transactions or to the functions of the Council here-
under as the Council shall deem desirable.
SEC. 5. Executive Order No. 10033. Section 2(a) of Executive
Order No. 10033 of February 8, 1949, is hereby amended by substitut-
ing for the name "National Advisory Council on International Mone-
tary and Financial Problems" the following: "National Advisory
Council on International Monetary and Financial Policies."
SEC. 6. Effective date. The provisions of this order shall be effective
as of January 1, 1966.
LYNDON B. JOHNSON
THE WHITE HOUSE,
February 14, 1966.
Executive Order 11270
SUSPENSION OF SECTION 5232(b) OF TITLE 10, UNITED STATES CODE,
INSTRUM IVI
WHITE HOUSE RECORDS OFFICE
WHICH RELATES TO THE NUMBER OF LIEUTENANT GENERALS IN THE
MARINE CORPS
By virtue of the authority vested in me by Section 5234 of Title 10
of the United States Code, it is ordered as follows:
The provisions of section 5232(b) of Title 10 of the United States
Code relating to the number of officers serving in the grade of lieu-
tenant general are hereby suspended until June 30 of the fiscal year
following that in which the national emergency proclaimed by Proc-
lamation No. 2914 of December 16, 1950, shall end.
LYNDON B. JOHNSON
THE WHITE HOUSE,
February 19, 1966.
535
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TORRENIVES 6/25/74
TabD
EXECUTIVE ORDER
11789
PRESIDENT'S COMMITTEE ON EAST-WEST TRADE POLICY
By virtue of the authority vested in me as
President of the United States of America, it is hereby
ordered as follows:
Section 1. The East-West Trade Policy Committee is
hereby redesignated as the President's Committee on East-
West Trade Policy (hereinafter referred to as the
Committee), and is hereby continued. It shall be composed
of the following-described members:
(1) The Counsellor to the President for Economic
Policy.
(2) The Secretary of State.
(chairman
(3) The Secretary of the Treasury.
(4) The Secretary of Commerce.
(5) The Director of the Office of Management and
Budget.
(6) The Executive Director of the Council on
International Economic Policy.
(7) The Special Representative for Trade Negotiations.
Sec. 2. The Counsellor to the President for
Economic Policy is designated Chairman of the Committee.
The Secretary of the Treasury and the Secretary of Commerce
are designated Co-Vice Chairmen of the Committee and Co-
Chairmen of the Office of East-West Trade.
Sec. 3. The Deputy Under Secretary of the Treasury
who has been serving as the Executive Secretary of the
East-West Trade Policy Committee, or his successor, shall
continue to serve in that capacity with the Committee.
The working group established by the Executive Secretary
FORD 076830 LIBRARY
2
is hereby continued, and shall continue to include
representation from the agencies represented on the
Committee. The Executive Secretary shall continue to
serve as chairman of the working group.
Sec. 4. Negotiation of major trade initiatives
shall continue to be handled under the chairmanship of
individuals to be designated for the specific negotiations
involved.
THE WHITE HOUSE,
June 25, 1974
BERALD s. FORD LIBRARY
FORD : GERALD LIBRARY
TRD b
TatE
THE WHITE HOUSE
WASHINGTON
February 2, 1973
MEMORANDUM FOR:
THE SECRETARY OF STATE
THE SECRETARY OF THE TREASURY
THE SECRETARY OF AGRICULTURE
THE SECRETARY OF COMMERCE
THE SECRETARY OF LABOR
THE SECRETARY OF TRANSPORTATION
DIRECTOR, OFFICE OF MANAGEMENT
AND BUDGET
CHAIRMAN, COUNCIL OF ECONOMIC
ADVISERS
DIRECTOR, COST OF LIVING COUNCIL
EXECUTIVE DIRECTOR, COUNCIL ON
INTERNATIONAL ECONOMIC POLICY
SECRETARY OF HUD
SUBJECT:
COUNCIL ON ECONOMIC POLICY
To help ensure better coordination in the formation and
execution of economic policy, there is hereby created a
Council on Economic Policy.
This Council shall consist of the addressees of this
Memorandum, an Assistant to the President, and such
other members as I may from time to time designate.
The Assistant to the President that I shall designate
shall serve as Chairman of the Council and may invite
any official of the Government who is not a member
thereof to participate in its deliberations.
The Council shall perform such functions relating to
economic policy as the President or the Chairman of
the Council may from time to time specify.
And
TabE
THE WHITE HOUSE
WASHINGTON
February 2, 1973
MEMORANDUM FOR:
THE SECRETARY OF STATE
THE SECRETARY OF THE TREASURY
THE SECRETARY OF AGRICULTURE
THE SECRETARY OF COMMERCE
THE SECRETARY OF LABOR
THE SECRETARY OF TRANSPORTATION
DIRECTOR, OFFICE OF MANAGEMENT
AND BUDGET
CHAIRMAN, COUNCIL OF ECONOMIC
ADVISERS
DIRECTOR, COST OF LIVING COUNCIL
EXECUTIVE DIRECTOR, COUNCIL ON
INTERNATIONAL ECONOMIC POLICY
SECRETARY OF HUD
SUBJECT:
COUNCIL ON ECONOMIC POLICY
To help ensure better coordination in the formation and
execution of economic policy, there is hereby created a
Council on Economic Policy.
This Council shall consist of the addressees of this
Memorandum, an Assistant to the President, and such
other members as I may from time to time designate.
The Assistant to the President that I shall designate
shall serve as Chairman of the Council and may invite
any official of the Government who is not a member
thereof to participate in its deliberations.
The Council shall perform such functions relating to
economic policy as the President or the Chairman of
the Council may from time to time specify.
GERALD FORD
§ 402
TITLE 50.-WAR AND NATIONAL DEFENSE
Page 12182
Activities, and (2) by adding thereto the following-named
(3) the Secretary of State;
agencies:
(4) the Secretary of Defense;
Agency for International Development.
Office of Emergency Planning.
(5) the Director for Mutual Security;
Peace Corps.
(6) The Chairman of the National Security Re-
President's Foreign Intelligence Advisory Board.
sources Board; and
United States Arms Control Disarmament Agency.
SEC. 2. Subsection (b) of section 2 is amended by de-
(7) the Secretaries and Under Secretaries of
leting from the list of departments and agencies there-
other executive departments and of the military
under the Government Patents Board, and by adding
departments. the Chairman of the Munitions
thereto the following-named agency:
Board, and the Chairman of the Research and De.
Federal Maritime Commission.
velopment Board, when appointed by the Presi-
SEC. 3. The agencies which have been added by this order
dent by and with the advice and consent of the
to the lists of departments and agencies under subsec-
Senate, to serve at his pleasure.
tions (a) and (b) of section 2 of Executive Order No.
10501, as amended [set out as a note under this section],
(b) Additional functions.
shall be deemed to have had authority for classification
In addition to performing such other functions as
of information or material from the respective dates on
which such agencies were established.
the President may direct, for the purpose of more
JOHN F. KENNEDY
effectively coordinating the policies and functions of
Ex. ORD. No. 11097. AMENDMENT OF EXECUTIVE ORDER No.
the departments and agencies of the Government
10501. RELATING TO SAFEGUARDING OFFICIAL INFORMATION
relating to the national security, it shall, subject to
Ex. Ord. No. 11097, Feb. 28, 1963, 28 F.R. 2225. provided:
the direction of the President, be the duty of the
By virtue of the authority vested in me by the Consti-
Council-
tution and statutes of the United States, and as Presi-
(1) to assess and appraise the objectives, com-
dent of the United States, and deeming such action
mitments. and risks of the United States in rela-
necessary in the best interest of the national security, it
is hereby ordered as follows:
tion to our actual and potential military power, in
SECTION 1. Section 2 of Executive Order No. 10501 of
the interest of national security, for the purpose
November 5, 1953, as amended by Executive Order No.
of making recommendations to the President in
10901 of January 9, 1961 and by Executive Order No.
connection therewith; and
10985 of January 12, 1962 [set out as a note under this
section], is hereby further amended (A) by adding at
(2) to consider policies on matters of common
the end of Subsection (a) thereof "Export-Import Bank
interest to the departments and agencies of the
of Washington", "Office of Science and Technology", and
Government concerned with the national security,
"The Special Representative for Trade Negotiations";
and to make recommendations to the President in
and (B) by deleting from Subsection (b) thereof "Sub-
versive Activities Control Board."
connection therewith.
SEC. 2. The Export-Import Bank of Washington, the
Office of Science and Technology, and The Special Repre-
(c) Executive secretary; appointment and compensa-
tion; staff employees.
sentative for Trade Negotiations shall be deemed to have
had authority for the original classification of informa-
The Council shall have a staff to be headed by a
tion and material from the respective dates on which
civilian executive secretary who shall be appointed
such agencies were established.
by the President. The executive secretary, sub-
JOHN F. KENNEDY
ject to the direction of the Council, is au-
OFFICE OF EMERGENCY PREPAREDNESS
thorized, subject to the civil-service laws and chap-
The name of the Office of Emergency Planning was
ter 51 and subchapter III of chapter 53 of Title 5,
changed to the Office of Emergency Preparedness by Pub.
L. 90-608, ch. IV, § 402, Oct. 21, 1968, 82 Stat. 1194, with
to appoint and fix the compensation of such person-
references in any other law to the Office of Emergency
nel as may be necessary to perform such duties as
Planning to be deemed, after Oct. 21, 1968, references to
may be prescribed by the Council in connection with
the Office of Emergency Preparedness.
the performance of its functions.
SECTION REFERRED TO IN OTHER SECTIONS
This section is referred to in title 10 sections 125, 133.
(d) Recommendations and reports.
The Council shall, from time to time, make such
§ 402. National Security Council.
recommendations, and such other reports to the
(a) Establishment; presiding officer; functions; com-
President as it deems appropriate or as the President
position.
may require. (July 26, 1947, ch. 343, title I, $ 101.
There is established a council to be known as the
61 Stat. 497; Aug. 10, 1949, ch. 412, § 3, 63 Stat. 579;
National Security Council (hereinafter in this sec-
Oct. 28, 1949, ch. 782, title XI, § 1106 (a), 63 Stat.
tion referred to as the "Council").
972; Oct. 10, 1951, ch. 479, title V, § 501 (e) (1), 65
The President of the United States shall preside
Stat. 378.)
over meetings of the Council: Provided, That in his
REFERENCES IN TEXT
absence he may designate a member of the Council
The civil-service laws, referred to in subsec. (c), are
to preside in his place.
classified generally to Title 5, Government Organization
The function of the Council shall be to advise the
and Employees.
CODIFICATION
President with respect to the integration of domestic,
Provisions in subsec. (c) which limited the compensa-
foreign, and military policies relating to the national
tion of the executive secretary to $10,000 a year were
security so as to enable the military services and the
omitted since the position referred to is now in the
other departments and agencies of the Government
classified civil service and subject to the applicable
to cooperate more effectively in matters involving
compensation schedules.
The authority for covering excepted positions into the
the national security.
classified civil service was given the President by section
The Council shall be composed of-
2101 et seq. of Title 5, Government Organization and
(1) the President;
Employees. By Executive Order 18348 Apr. 25, 1941, the
President exercised this authority respect to many
(2) the Vice President;
previously excepted sitions.
CIEP
THE WHITE HOUSE
WASHINGTON
Dudley - -
1/23/75
2 agree
Why dmt we ask
Scalia for his view on
the more general FAB A
request
Phil A
LIBRARY GERALD R. FORM
THE WHITE HOUSE
WASHINGTON
January 22, 1975
MEMORANDUM FOR:
PHILLIP AREEDA
FROM:
DUDLEY CHAPMAN
oc
SUBJECT:
GAO Requests for CIEP Documents
Attached at Tabs A and B are two separate requests for documents
from GAO that have been held-up pending the formulation of our
policy on Executive Privilege. The request at Tab B could probably
be broken out before a definitive policy is established; but if this
is done it should be in the knowledge of the issues raised by Tab A.
The request at Tab A is a far-reaching request by GAO for access
to the files of CIEP and NSC. Their stated purpose in informal
discussionswith me is to test the limits of what they can get. The
summary on page 2 of the Victor Lowe letter is an accurate state-
ment of the policy guidelines of the previous administration.
The request at Tab B is specified in the November 11, 1974,
memorandum from Hartquist to me, which is clipped to the inside
cover of the file folder; the documents requested are in the folder.
Of these, the most sensitive appears to be the clipped decision
memorandum of September 25, 1974, from Ken Rush to numerous
cabinet level and senior White House officials. My gauge of
sensitivity is not the content, but the level, of the communication.
Hartquist indicates no objection to furnishing the documents at
Tab B, and I agree that they pose no evident harm in themselves
and appear to raise no serious issue of precedent. My greatest
reservation is that in judging the issue this way we are giving up
high-level documents on the ground that there is nothing harmful
in them rather than on the basis of reasoned guidelines for access.
While it is the practical thing to do here, I think we need a better
guidepost.
FORD
My recommendation would be to provide the documents in Tab
RALD
of P.A.
as an ad hoc decision, reserving judgment on the broader reque st
LIBRARY
in Tab A.
UNITED
STATES
OFFICE GENERAL VILNOODO
UNITED STATES GENERAL ACCOUNTING OFFICE
WASHINGTON, D.C. 20548
GENERAL GOVERNMENT
DIVISION
October 10, 1974
Mr. Philip W. Buchen
Counsel to the President
The White House
Attention: Mr. Jay French
Dear Mr. Buchen:
In discussions with Mr. Michael Oppenheimer on September 30,
1974, Mr. Jay French asked that we write to you detailing the
chronology of events concerning our requests for certain Council
on International Economic Policy (CIEP) and National Security
Council records.
In view of the emerging congressional and public interest in
the increased United States-Soviet Union trade, we undertook in
March 1974 a survey of the Government's role in East-West trade.
Letters explaining the assignment and requesting their cooperation
were sent to the Departments of Commerce, State, Treasury,
Defense, Agriculture, and three White House agencies--the Council
on International Economic Policy, the Office of the Special Trade
Representative and the National Security Council. Copies are
enclosed.
We met with the various agency officials to discuss our
survey objectives and to establish some mutually agreeable ground-
rules for examination of the records. With respect to the White
House agencies, discussions with Mr. David Evans, CIEP, on
June 4, 1974, indicated that we would be able to examine inter-
agency CIEP-sponsored studies, and decision papers emanating
from CIEP to the other agencies. We understood that we would be
permitted to examine the records at CIEP, to take notes, but not be
permitted to make copies. Our understanding excluded random
access to the files, data going to or from the President, and
internal data going to or from the Director.
On June 5, 1974, Mr. Richard Price, the supervisor of
this assignment met with staff members of the East-West Trade
Policy Committee Working Group and spelled out in greater
&
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GERALD
LIBRARY
detail specific areas of interest, our reporting objectives, and
the scope of our survey. The members of that Group apparently
considered our request and set specific groundrules for our
access to executive branch agency records on East-West trade
matters.
Mr. Evans advised us on June 7, 1974, that the previous
arrangements had been changed. On June 10, 1974, Mr. Evans
advised that as a result of agreements reached at the June 5,
1974, Trade Policy Committee Working Group we would no
longer be permitted to examine CIEP records. This exclusion
covered documents prepared by CIEP or jointly with other
agencies, and data on pending matters. The question of access
to CIEP internal studies was referred to the White House
Counsel's Office.
We were informed by a représentative on July 30, 1974 that
the White House Counsel's Office had set forth the following
guidelines:
a. direct access to CIEP files, as such, would not
be permitted,
b. CIEP representatives would answer questions
and furnish information in written or oral form,
except in connection with (1) Presidential
advisory statements and documents relating to
the Presidential decision making process; (2)
national security sensitive material; and (3)
negotiating positions, and
c. CIEP would make available factual material that
is easily separable from confidential materials
in the CIEP files.
With respect to the National Security Council, it was advised
of our review by letter dated June 14, 1974. Initial discussion held
with staff members of the Council resulted in our being asked to
provide a listing of Council documents needed for the survey. We
provided a tentative listing on June 26, 1974, and Mrs. Jeanne
Davis, the Staff Secretary advised us our request would be reviewed
by the White House Counsel. We were advised by letter dated
August 5, 1974, that upon advice of the White House Counsel, the
National Security Council was unable to furnish us the requested
documents or permit our access to other National Security Council
- 2 -
FORD is LIBRARY
records. The Council was prepared to provide oral briefings to
us on the substance of the material, but not with respect to (a)
Presidential advisory statements, comments or recommendations,
or (b) negotiating positions or other security sensitive foreign
relations matters.
In another matter dealing with a review we are making of
U.S. trade policy towards developing nations, we requested cer-
tain Council documents. We again were advised, this time by
letter dated September 25, 1974, that the Council would not
furnish us with copies of the requested documents.
Conversations with Mr. John Showe, CIEP and Mrs. Jeanne
Davis, NSC, were held to explain the effect these decisions
would have on our ability to report to the Congress on a complete
and factual basis. These representatives told us that the ground-
rules for access were established by the White House Counsel and
that any change would have to come from that Office. In follow-
ing up on these matters with the White House Counsel's Office,
we were informed by Mr. Chapman that our request was one of
several left over from the previous administration and that he
was preparing a memorandum for you on all these outstanding
requests. Mr. Chapman said that you would reassess the
previously established groundrules. Mr. Chapman said his
memorandum has now gone forward and that we should discuss
the issue with you.
It is our intention to report to the Congress on the Executive
Branch's policies, practices, and procedures, for carrying out
East-West trade. In order to provide an accurate assessment,
it is essential that we have access to the data which explains the
background and basis for the policies being followed. Since the
policies apparently originated in large measure at the White House
level, this data is basic to an understanding of the issues involved
and to our evaluation.
Access to CIEP and National Security Council records is
necessary to fulfill our congressional reporting responsibilities.
We believe a report on East-West trade will provide the Congress
with valuable insights into this important matter and will assist it
in fulfilling its responsibilities. We would appreciate your early
consideration of our access to the requested data on East-West
trade as well as on U.S. trade policy towards developing nations.
We would be pleased to meet with you to discuss any matters
which may concern you.
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Associate Director, International Division, phone 386-5507.
If you have any questions, please contact Mr. John E. Milgate,
Sincerely yours,
Victor form
Victor L. Lowe
Director
Enclosures - 6
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FORD i LIBRARY 93V839
Make
THE WHITE HOUSE
WASHINGTON
January 27, 1975
MEMORANDUM FOR:
PHILIP W. BUCHEN
FROM:
JAY T. FRENCH
SUBJECT:
ATTACHED MEMORANDUM CONCERNING
THE ECONOMIC POLICY BOARD
Skip Hartquist and I have reviewed and discussed this paper. Tabs A
and B demonstrate how the current CIEP law could be amended to
create a new EPB. Tab C is the alternative approach of an entirely
new EPB statute.
Mr. Seidman would like to give this memorandum to the President
by February 3 (Monday).
In order not to delay your review of this proposal I have not examined
it in detail. I would note that based upon a discussion at our first
meeting the Executive Committee should be deleted from the draft of
the amended CIEP law. See Tab B "Sec. ", following "Sec. 205".
Additionally, Skip upon review noted that the President should not
designate a Board Chairman if he (The President) sits on the Board.
Therefore, the last sentence in Section 205 of Tab B could be deleted.
I concur.
You indicated earlier that Max Friedersdorf might be consulted with
regard to selection of the best legislative course. I will prepare a
cover memorandum for him, defining the issue if you prefer.
LIBRARY GERALD R. FORD
COUNCIL ON INTERNATIONAL ECONOMIC POLICY
WASHINGTON, D.C. 20500
MEMORANDUM FOR
PHILIP W. BUCHEN
SUBJECT:
Legislation Regarding Economic Policy Board
Attached are three items for your review. Items (1) and (2) represent
optional approaches in drafting the EPB bill:
(1) Draft legislation to establish the Economic Policy Board by
amending the International Policy Act of 1972 (TAB A).
(a) A version of (1) showing changes in existing law (TAB B).
(2) Draft legislation establishing the Economic Policy Board and
repealing the International Economic Policy Act of 1972 (TAB C).
I recommend we submit to Congress the draft legislation establishing
the EPB and repealing the International Economic Policy Act of 1972
(Tab C above). It seems to me that this legislation should be presented
to the Congress as an additional effort by the President to solve the
difficult economic problems facing the nation, rather than as an
"upgrading" of CIEP. Legislation amending the CIEP statute (Tab A)
would tend to understate the importance of the EPB itself while emphasizing
the broadening of CIEP's responsibilities.
The basic arguments for establishing the EPB by legislation are as
follows:
(1) The President is reinforcing his determination to cooperate
with the Congress in solving our economic problems by establishing
the EPB by statute, making it accountable to Congress.
- 2 -
(2) In order to support the decision-making process within the
EPB, and assure coordination among Federal departments and agencies
on economic matters, the President has decided to provide the EPB
with a small, highly qualified staff.
While I agree with your assessment that it is important to retain the
support of CIEP's constituency on the Hill, I believe our supporters
will favor giving the EPB a legislative mandate, particularly if they
are assured that CIEP's functions regarding international economic
policy will be continued under the umbrella of the EPB setup. With
respect to Congressional leaders, key Committee chairmen and the
membership at large who may not be intimately familiar with CIEP,
however, I think it is important to submit the proposal as a new law
rather than as an amendment to an existing statute which deals with
international economic matters. This is even more important with
respect to the presentation of the proposal to the press and the general
public.
OMB also recommends following the approach taken in Tab C, for the
following reasons:
(1) If the legislation is drafted in the form of a reorganization of
the Executive Office, it is more likely to be referred to the Government
Operations Committees than the Banking Committees. This is desirable,
because the testimony of the Administration witness would then be focused
on organizational matters rather than a detailed examination of economic
policy. This is particularly important because Senator Proxmire and
Congressman Reuss, vocal critics of the Administration's economic
program, chair the Banking Committees.
(2) If the legislation is referred to the Government Operations
Committees, we have more flexibility in deciding who the Administration
witness will be. It may be desirable to have the Director of the Office of
Management and Budget testify, rather than Mr. Seidman. This would
avoid the complication of having an Assistant to the President testify
(though the Assistant to the President would be testifying in his capacity
as the President's nominee for Executive Director of the Board).
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(3) As a reorganization proposal, the draft legislation is less
likely to be encumbered with detailed amendments requiring an annual
report, reports to various congressional committees and SO forth.
(4) This method of establishing the EPB is in accord with the
President's desire to set up an "NSC-type" organization for economic
policy.
make Dum
J. M. Dunn
Acting
Executive Director
Attachments
FORD & CERALD LIBRARY
A BILL
To establish the President's Economic Policy Board, to amend
the International Economic Policy Act of 1972, and for other
purposes.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled, That this
Act may be cited as the "Economic Policy Act of 1975. "
Sec. 2. Section 202 of the International Economic Policy Act of
1972 (22 U.S.C. 2841) is amended by striking out "a more rational
and orderly international economic policy for", and inserting in lieu
thereof "the domestic and international economic policy of".
Sec. 3. Section 203 of the International Economic Policy Act of
1972 (22 U.S.C. 2842) is amended -
(1) by inserting immediately after "purposeful" in the
second sentence thereof "domestic and";
(2) by striking out "(1)" in the second sentence thereof;
(3) by striking out everything following "activity" in the
second sentence thereof and placing a period after "activity";
FORD & DERALO LIBRARY
(4) by striking out "a Council on International Economic
Policy" in the third sentence and inserting in lieu
thereof "an Economic Policy Board";
(5) by amending the first clause of subparagraph (A) by
inserting immediately after "of" the following:
"domestic and"; and by amending the second clause
thereof by striking out "international" and by striking
out "including trade, investment, balance of payments,
and finance";
(6) by amending subparagraph (C) by inserting immediately
after "coordination" the following: "of international
economic policy"; and
(7) by amending the last sentence by striking out "Council"
and inserting in lieu thereof "Board", by inserting
immediately after "long-range development of" the
following: "domestic and", and by striking out "a
rational and orderly international economic policy for"
and inserting in lieu thereof "the domestic and international
economic policy of".
FORD & OERALD LIBRARY
Sec. 4. Section 204 of the International Economic Policy Act of
1972 (22 U.S.C. 2843) is amended by striking out "a Council on
International Economic Policy (hereinafter referred to in this
title as the "Council")" and inserting in lieu thereof "an Economic
Policy Board (hereinafter referred to as the "Board")".
Sec. 5. Section 205 of the International Economic Policy Act of
1972 (22 U.S.C. 2844) is amended -
(1) by striking out "Council" in the first sentence and inserting
in lieu thereof "Board";
(2) by adding the following new subparagraphs -
"(1) The President."
"(2) The Vice President."
"(6) The Secretary of the Interior."
"(10) The Secretary of Health, Education, and Welfare."
"(11) The Secretary of Housing and Urban Development."
"(13) The Assistant to the President for Economic Affairs.
(3) by redesignating subparagraphs (1), (2), (3), (4), (5), (6),
(7), (8), (9) and (10) as subparagraphs (3), (4), (5), (7),
(8), (9), (12), (14), (15), and (16), respectively; and
(4) by striking out "Council" both times it appears in the
last sentence and inserting in lieu thereof "Board".
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Sec. 6. There shall be an Executive Committee of the Board which
shall be composed of such members as the President may designate.
The President shall designate the Chairman of the Executive
Committee from among its members. The Executive Committee
shall meet from time to time to consider matters involving responsi-
bilities of the Board.
Sec. 7. Section 206 of the International Economic Policy Act of
1972 (U.S.C. 2845) is hereby repealed.
Sec. 8. Subject to the direction of the President, and in addition to
performing such other functions as he may direct, the Board shall -
(1) Advise the President concerning all aspects of national
and international economic policy.
(2) Oversee the formulation, coordination, and implementation
of all economic policy of the United States.
(3) Serve as the focal point for economic policy decision-making.
(4) Coordinate the activities of all the departments and agencies
of the United States with one another for the purpose of
accomplishing a more consistent domestic and international
economic policy.
(5) Make such recommendations and reports to the President
as it deems appropriate or as the President may require.
FORD it LIBRARY QERALD
(6) Assist and advise the President in the preparation of the
Economic Policy Report required under Section 10 of
this title.
Sec. 9. Section 207 of the International Economic Policy Act of
1972 (22 U.S.C. 2846) is hereby repealed.
Sec. 10. The President shall transmit to the Congress an annual
Economic Policy Report on the activities of the Board, setting
forth a program for carrying out the policy objectives of this title,
together with such recommendations for legislation as he may
deem necessary or advisable.
The President may transmit from time to time reports
supplementary to the Economic Policy Report, each of which may
include such supplementary or revised recommendations as he may
deem necessary or desirable to achieve the purposes and policy
objectives set forth in this title.
Sec. 11. Section 208 of the International Economic Policy Act of
1972 (22 U.S.C. 2847) is amended -
(1) by striking out "Council" in both places it appears in
paragraph (a) and inserting in lieu thereof "Board",
and by inserting immediately after "President" in the
first sentence thereof "by and with the advice and
consent of the Senate, ";
FORD : LIBRARY GERALD
(2) by striking out "Council," in the first sentence of sub-
paragraph (b)(1) and inserting in lieu thereof "Board,";
(3) by striking out the second sentence of subparagraph
(b)(1) and inserting in lieu thereof "The staff of the
Board shall be appointed and compensated without
regard to the provisions of law regulating the employment
and compensation of persons in the Government service:
Provided, That, except for the officers provided for in
paragraph (2) and for not to exceed
persons
who
may
receive compensation not in excess of the rate now or
hereafter provided for GS-18, no staff personnel shall
receive compensation in excess of the rate now or hereafter
provided for GS-15.";
(4) by striking out "Council" in subparagraph (b)(2) and
inserting in lieu thereof "Board", and by striking out
"one", "IV", "two", and "V" and inserting in lieu
thereof" , " , " ", and " ", respectively; and
(5) by striking out "Council" in paragraph (d) and inserting
in lieu thereof "Board".
FORD is LIBRARY GERALD
Sec. 12. Section 5 of (Public Law 93-121) (22 U.S.C. 2847a) is
hereby repealed.
Sec. 13. Section 209 of the International Economic Policy Act of
1972 (22 U.S.C. 2848) is hereby repealed.
Sec. 14. Section 210 of the International Economic Policy Act of
1972, as amended (22 U.S.C. 2849) is amended by striking out
"not to exceed $1, 800, 000 for fiscal year 1975. ", and inserting
in lieu thereof "such sums as may be necessary.".
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is
GERALD
A BILL
To establish the President's Economic Policy Board, and for
other purposes.
(SHOWING CHANGES IN EXISTING LAW MADE BY THE BILL.
EXISTING LAW PROPOSED TO BE OMITTED IS LINED THROUGH,
NEW MATTER IS UNDERLINED, AND EXISTING LAW IN WHICH
NO CHANGE IS PROPOSED IS SHOWN IN REGULAR TYPE.)
Be it enacted by the Senate and the House of Representatives of
the United States of America in Congress assembled, That this
Act may be cited as the "Economic Policy Act of 1975".
Sec. 202. It is the purpose of this title to provide for closer Federal
interagency coordination in the development of a-more-rational-and
orderly- the domestic and international economic policy for of the
United States.
Sec. 203. The Congress finds that there are many activities undertaken
by various departments, agencies, and instrumentalities of the Federal
Government which, in the aggregate, constitute the domestic and
international economic policy of the United States. The Congress
FORD LIBRARY
further finds that the objectives of the United States with respect
to a sound and purposeful domestic and international economic policy
can be better accomplished through the closer coordination of (-1-)-
domestic and foreign economic activity. and- (2) in particular,-that-eeonomic
behavior which,-taken togetherconstitutested-Sate-interationl-
economic-policy. Therefore this Act establishes a-Gouneil-on
International-Economic Policy an Economic Policy Board which will
provide for - -
(A) a clear top level focus for the full range of domestic and
international economic issues/deal c/to with international economic policies
to
including-trade,-invostment_-balanee-of-payments,-aad finane-
as a coherent whole;
(B) consistency between domestic and foreign economic policy;
and
(C) close coordination of international economic policy with basic
foreign policy objectives.
The Congress intends that the Council Board shall be provided with
the opportunity to (i) investigate problems with respect to the
coordination, implementation, and long-range development of domestic
and international economic policy, and (ii) make appropriate findings
FORD is 0ERALD LIBRARY
and recommendations for the purpose of assisting in the development
of a-rational and orderly international the domestic and international
economic policy for of the United States.
Sec. 204. There is created in the Executive Office of the President
a-Councilen-International-Eeenomic-Polioy(hereinafter-roforrodto-
in this title-as the-'Couneil). an Economic Policy Board (hereinafter
referred to as the "Board").
Sec. 205. The Gouncil Board shall be composed of the following members
and such additional members as the President may designate:
(1) The President.
(2) The Vice President.
(1) (3) The Secretary of State.
(2) (4) The Secretary of the Treasury.
(3) (5) The Secretary of Defense.
(6) The Secretary of the Interior.
(4) (7) The Secretary of Agriculture.
(5) (8) The Secretary of Commerce.
(6) (9) The Secretary of Labor.
(10) The Secretary of Health, Education, and Welfare.
FORD LIBRARY
(11) The Secretary of Housing and Urban Development.
(7)-(12) The Secretary of Transportation.
(13) The Assistant to the President for Economic Affairs.
(8)-(14) The Director of the Office of Management and Budget.
(9)-(15) The Chairman of the Council of Economic Advisers.
(10) (16) The Special Representative for Trade Negotiations.
The President shall designate the Chairman of the Gouneil Board from
among the members of the Council Board.
Sec.
There shall be an Executive Committee of the Board which
(optinel)
shall be composed of such members as the President may designate.
The President shall designate the Chairman of the Executive Committee
from among its members. The Executive Committee shall meet from
time to time to consider matters involving responsibilities of the Board.
Se 206. - Subject to the direction of the President, and in addition
to performing such other functions as he may direct, the -Gouneil-
shall--
(1) Assist and advise the President in the preparation of the
International Economic Report required under section 207.
LIBRARY GERALD ? FORD
(2)- Review the -activities the policies the United-States
Government which-indirectly or-directly relate to international
economics-and, for-the purpose of making recommendations-to-t
President in connection therewith; consider-with some degree of
specificity-the substance and scope- of the -inte rnational economie-
policy-ef the United-States,-whi eh consideration all include examination
ef- the -economie activitie (A) the various-ageneies, departments,
and instrumentalitie -of-the Federal-Government, (B) the-several
States,-and-(C-private-industry:
(3)- Gellect, analyze, -and evaluate authoritative information,
current and prospective, eeneerning international economic matters.-
Such evaluations shall inelude but-not-be limited -to-the impact-of
international-trade on-the level, stability, and financial rewards for-
demestie labor-and the-impact-of-the transnational corporation on
international-trade flows-
(4) -Gensider policies-and programs-for coordinating-the activities
of all the departments and-ageneies of the United States with -one another-
for the purpose of accomplishing a more e ensistent -inte rnational
economic-policy;-and make re commendations to the President in-
connection-therewith.-
FORDO : 018830 LIBRARY
(5)- Continually assess-the progress-and -effe etiveness of Federal
efforts to earry -out-a consisten international economic policy.
(6)- -Make commendations to the President for-domestic and-
foreign- programs which will promote- & more consistent -inte rnational
economic-pelicy-en the part of the United States and private industry. -
Recommendations-under this paragraph shall-include, - but shall not be
limited to, policy proposals relating to monetary mechanisms, foreign -
investment, trade, the-balance of -payments, foreign-aid,-tares,-
international-tourism and aviation, - and -inte rnational treaties and -
agreements relating to-all such matters. - In addition to other appropriate- -
objectives, such policy proposals should be developed with a view toward -
(A) - strengthening the United States competitive position in world-
trade;
(B) - achieving equilibrium- in international payment accounts-of-the
United States;
(G) - increasing exports of goods and services;-
(D) - protecting and improving the earnings of foreign investments -
consonant with the concepts of tax-equity-and the need for-domestic
investment;-
(E) - achieving-freedom-of movement of people,goods,-capital,--
information, -and technology -on a reciprocal-and-worldwide basis,
LIBRARY GERALD ? FORD
(F)-increasing-the-real-empleyment-and -income-of-workers-and
consumers on-the-basis-of-intermational-eeenomic-aetivity;-ane
(G)-preserving the-diversificd-industrial base-ef the-United-Stetes
Sec.
Subject to the direction of the President, and in addition to
performing such other functions as he may direct, the Board shall -
(1) Advise the President concerning all aspects of national and
international economic policy.
(2) Oversee the formulation, coordination, and implementation
of all economic policy of the United States.
(3) Serve as the focal point for economic policy decision-making.
(4) Coordinate the activities of all the departments and agencies
of the United States with one another for the purpose of
accomplishing a more consistent domestic and international
economic policy.
(5) Make such recommendations and reports to the President
as it deems appropriate or as the President may require.
(6) Assist and advise the President in the preparation of the
Economic Policy Report required under Section 8 of this
title.
FORDO is LIBRARY GERALD
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Seer-207. President shall transmit to-the Congress an-annual
report on- the international economic position of the-United States.
Such-report (hereinafter referred to the "International Economic -
Report-1) shall be submitted not later than sixty day after the beginning
ef each regular session-of the Congress, and shall- include -
(1) - information and statistics deseribing characteristics of
international economic activity and identifying significant current -
and-foresecable-trends-and-developments,
(2)- a review of the-international economic program of the
Federal Government and a review of domestic- and-foreign-economic
conditions-and other -significant matters affecting the balance of-
international payments of the United-States-and -of- their effect -on
the international trade, investment, financial; and monetary
position -of- the States, -
(-3)- -a review of the -impa of -inte rnational voluntary standards
the foreign investments-of-United States based transnational firms, -
and the level of foreign wage rates-on the level, stability, -and -
financial reward for domestic employment;
(4)- 2 a comparative description and analysis of the following
subject-matter, with respect te-the-United States, the European
Community and principal countries- within-the European Community, -
Japan, and whenever applicable, the Union of Soviet Socialist -
Republics -
GERALD B. FORD LIBRARY
(A) -research-and development-expenditumres,-and-productivity
and technological trends or-industrial and-agricultural
sectors;-
(B) - investment patterns in-new-plant-and equipment;-
(G) industrial manpower training practices;
(D) tax-incentives-and-other-governmental-financial-assistance,
(E) -export-promotion-practicos;-
(F) share-of-the export-market, by area-and-industrialand-
agricultural sectors;-
(G) environmental practices;
(H)-antitrust practices;-and
(1) long range governmental economic planning programs,
targets,-and-objoctives;
(5)- a review-efthe-relationship between-the-United States Government-
and -American-private-business with-respect-tothe-categories-of-subject
matter listed in -subparagraphs (A)through-()-of-paragraph-(4)-and any-
other appropriate areas of information, together with -recommendations
for appropriate policies and programs in order-to insure that-American
business is competitive in international commerce; and
LIBRARY GERALD B= FORD
(6)-a programfor-earrying out-the-policy-ebjectives-of-this
title,-tegether with-such -recommendations-for-legislationas-he
may deem necessary or-desirable. -
(b) The President transmit from to time to the Congress -
whieh -may-include sueh-supplementary or-revised recommcndationses
he-may-deem necessary er desirable to-achieve the purposes and policy-
ebjectives-set-forth-in-this title
Sec.
The President shall transmit to the Congress an annual Economic
Policy Report on the activities of the Board, setting forth a program for
carrying out the policy objectives of this title, together with such
recommendations for legislation as he may deem necessary or advisable.
The President may transmit from time to time reports supplementary
to the Economic Policy Report, each of which may include such supple- -
mentary or revised recommendations as he may deem necessary or
desirable to achieve the purposes and policy objectives set forth in
this title.
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Section-5-of-Public Law 02-121(87-Stat-448);-stated-
of-the-International-Economic-Poliey-Actof1972;-any-future
Executive Director of-the Council International Economic
Policy appointed after the -date- ef the-enactment -of this
shall-be appointed by by -and with -the-advice
and-consent-ofthe-Senate.-
Sec. 208. (a) The staff of the Council Board shall be headed by an
Executive Director who shall be appointed by the President, by and
with the consent of the Senate, and he shall be compensated at the rate
now or hereafter provided for level II of the Executive Schedule (5 U.S.C.
5313). He shall keep the Committee on Banking, Housing and Urban
Affairs of the Senate, the Committee on Banking and Currency of the
House of Representatives, the Committee on Foreign Relations of the
Senate, the Committee on Foreign Affairs of the House of Representatives,
the Committee on Finance of the Senate, the Committee on Ways and Means
of the House of Representatives, and the Joint Economic Committee fully
and currently informed regarding the activities of the Geuneil Board.
(b) (1) With the approval of the Geuneil Board, the Executive Director
may appoint and fix the compensation of such staff personnel as he deems
necessary. Exceptas provided-i+ paragraph(2),he staff ohe o
shall-be appointed subject the provisions of title 5, United-States-Code,
governing appointments in-the competitive service, and shall e-paid in-
aecordance with provisions of chapter subehapter IH-ef chapter-
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of such-title relating- classification-and General Schedule pay ratese BRANT
The staff of the Board shall be appointed and compensated without
regard to the provisions of law regulating the employment and compensation
of persons in the Government service: Provided, That, except for the
officers provided for in paragraph (2) and for not to exceed
persons
who may receive compensation not in excess of the rate now or hereafter
provided for GS-18, no staff personnel shall receive compensation in
excess of the rate now or hereafter provided for GS-15.
(2) With the approval of the Council Board, the Executive Director
may appoint and fix the compensation of one
officer(s) at a rate of
basic compensation not to exceed the rate provided for level IV-
of
the Federal Executive Salary Schedule, and appoint and fix the compensation
of two officers at rates of basic compensation not to exceed the rate
provided for level V- of the Federal Executive Salary Schedule.
(c) With the approval of the Council, the Executive Director may
procure temporary and intermittent service to the same extent as is
authorized by section 3100 of title 5, United States Code, at rates not
to exceed the daily equivalent of the rate provided for GS-18.
(d) Upon request of the Executive Director, the head of any
Federal agency is authorized to detail, on a reimbursable basis, any
of its personnel to the Geuneil Board to assist it in carrying out its
duties under this title.
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See-209-The-provisions-ef thistitle-chal-expire-on-une 0,
1977,-unless-entended-by-legislation-enacted-by-the-Congress
Sec. 210. For the purpose of carrying out the provisions of this
title, there are authorized to be appropriated not to-exceed
$1,00,000 for-fiseal- year-1075- such sums as may be necessary.
Sec.
The International Economic Policy Act of 1972, as
amended, (22 U.S.C. 2841-2849), is hereby repealed.
TAB C
A BILL
To establish the President's Economic Policy Board, and for other
purposes.
Be it enacted by the Senate and the House of Representatives of the
United States of America in Congress assembled, That this Act may
be cited as the "Economic Policy Board Act of 1975. 11
Sec. 2. There is hereby established the President's Economic Policy
Board (hereinafter in this chapter referred to as the "Board").
Sec. 3. Subject to the direction of the President, and in addition to
performing such other functions as he may direct, the Board shall -
(1) Advise the President concerning all aspects of national
and international economic policy.
(2) Oversee the formulation, coordination, and implementation
of all economic policy of the United States.
(3) Serve as the focal point for economic policy decision-making.
(4) Make such recommendations and reports to the President
as it deems appropriate or as the President may require.
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Sec. 4. The Board shall be composed of the following members
and such additional members as the President may designate:
(1) The President.
(2) The Vice President.
(3) The Secretary of State.
(4) The Secretary of the Treasury.
(5) The Secretary of Defense.
(6) The Secretary of the Interior.
(7) The Secretary of Agriculture.
(8) The Secretary of Commerce.
(9) The Secretary of Labor.
(10) The Secretary of Health, Education, and Welfare.
(11) The Secretary of Housing and Urban Development.
(12) The Secretary of Transportation.
(13) The Assistant to the President for Economic Affairs.
(14) The Director of the Office of Management and Budget.
(15) The Chairman of the Council of Economic Advisers.
(16) The Special Representative for Trade Negotiations.
The President shall preside over meetings of the Board: Provided, That
in his absence he may designate a member of the Board to preside in his
place.
rano
Sec. 5. (a) The staff of the Board shall be headed by an Executive
Director who shall be appointed by the President. The Executive
Director shall be compensated at the rate now or hereafter provided
for level II of the Executive Schedule (5 U.S.C. 5313).
(b)(1) With the approval of the Board, the Executive Director
may appoint and fix the compensation of such staff personnel as he
deems necessary. The staff of the Board shall be appointed and
compensated without regard to the provisions of law regulating the
employment and compensation of persons in the Government service:
Provided, That, except for the officers provided for in paragraph (2)
and for not to exceed
persons who may receive compensation not
in excess of the rate now or hereafter provided for GS-18, no staff
personnel shall receive compensation in excess of the rate now or
hereafter provided for GS-15.
(2) With the approval of the Board, the Executive Director may
appoint and fix the compensation of
officer(s) at a rate of basic
compensation not to exceed the rate provided for level
of the
Federal Executive Salary Schedule, and appoint and fix the compensation
of
officer(s) at rates of basic compensation not to exceed the rate
provided for level
of the Federal Executive Salary Schedule.
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(c) With the approval of the Council, the Executive Director
may procure temporary and intermittent service to the same extent
as is authorized by section 3100 of title 5, United States Code, at
rates not to exceed the daily equivalent of the rate provided for GS-18.
(d) Upon request of the Executive Director, the head of any
Federal agency is authorized to detail, on a reimbursable basis, any
of its personnel to the Board to assist it in carrying out its duties under
this title.
Sec. 6. The Council on International Economic Policy is hereby abolished.
The International Economic Policy Act of 1972, as amended (22 U.S.C.
2841-2849), is hereby repealed.
Sec. 7. The records, property, personnel, and unexpended balances
of appropriations, authorizations, allocations and other funds held, used,
arising from, available to, or to be made available to the Council on
International Economic Policy, are hereby transferred to the Economic
Policy Board.
Sec. 8. For the purpose of carrying out the provisions of this title,
there are authorized to be appropriated such sums as may be necessary.
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